CCR Magazine

You are here  :Home arrow News arrow Three out of five British holidaymakers hold on to their leftover currency
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Three out of five British holidaymakers hold on to their leftover currency PDF Print E-mail
Friday, 26 August 2016
At a time when household budgets are squeezed, this means the value of millions of pounds worth of dollars, euros and other currencies is not being realised or used to bring a much-needed boost to families’ spending here in the UK. 

With the value of the pound having already fallen significantly since Brexit, Brits’ foreign currency hoards are now worth more than they have been in years and there are increasing opportunities for savvy currency shoppers to exchange their money back to pounds at competitive rates.

Research, commissioned by The Money Shop, a leading high-street provider of consumer finance - including travel money and money transfer services - reveals that more than three out of five British holidaymakers (63%) who take at least one foreign holiday per year, hold on to their leftover currency. Only three in 10 (34%) of the British holidaymakers convert their leftover currency back to pounds, whilst others may give it to family/ friends (11%) or donate it to charity (7%).

Only 19% of holidaying Britons think that the Post Office offers the best exchange rate and surprisingly three in 10 (31%) of Britons that were surveyed didn’t know who offers the best exchange rate for currency.

The Money Shop is also running a weekly social media competition on Twitter, Facebook and Instagram called #FXFridays. All you need to do is upload a photo from a recent holiday (UK or abroad), tagging The Money Shop, with the hashtag #FXFridays and if your photo is chosen, you could win £250 (prize money given away weekly). The competition is running until 30th September 2016. Visit The Money Shop website for more information.
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197